Costa Rica's recent economic transformation to depend more on high-tech manufacturing is largely due to its adoption of ________ trade policy.
A)an import substitution
B)a comparative advantage
C)a factor proportions
D)a strategic

Question

Quizplus · Accepted Answer

A strategic trade policy involves government intervention in trade to promote certain industries and sectors where a country has a comparative advantage or potential for growth. Costa Rica's emphasis on high-tech manufacturing suggests a strategic trade policy approach.

Costa Rica's Recent Economic Transformation to Depend More on High-Tech